reply to post by Dance4Life
I don't think the US would be considered a very good investor. Matter of a fact, the part of the TARP program most people talk about (The capital
purchase program) is not doing so well. I haven't broken it down to figure out how much was given by everyone, and yes there is still a significant
loss on the auto companies currently. The fact is that the program barely has it's head out of water. This is the part of the program that most people
are concerned about and it has made a whopping $20.6 million... or a 2% return. Not the 7-8% I'm hearing which I am guessing includes the entire TARP
program not just the troubled capital purchase program. The rest of money was merely money loaned cheap to banks so they can increase liquidity, and I
fail to believe that portion was a good investment GM included or not. This is also not including all the other capital infusion programs that the US
used prior to/after TARP, nor techniques or costs I already have mentioned. I'm sure on the most controversial portion of TARP which I quoted above
that 2% can easily be counted out by additional costs.
Sorry one good program doesn't make up for one bad program even if they are part of the same bill. Looking at the link you provided looks like the
majority of profits came from Asset Guarantee Program and the Targeted Investment Program. Sorry, but not going to break this down, and I personally
suspect there is other losses that are recorded elsewhere (part of the conspiracist in me... hey on ATS, and I already spoke about some in my prior
post). Plus I conceded already by and large the black and white numbers of the program as a whole has been successful.
Furthermore, I invest my money that I earn interest free (I don't take out loans to invest as a general matter nor margin trade either), and pretty
much I still expect a return at least of 10%. To me a 10% return annually is an average return, unless you are focused on safety. Although this year
I'm a bit behind, but hoping for a Santa
I'm not going to talk about specifics of investing and what returns the US should have, as honestly I don't think the Gov. should be investing in the
markets, but instead should support infrastructure and safety with its capital infusions. The US is not China and is not working on investing a
surplus amount for a rainy day fund.
Like I said before, we have to agree to disagree
I just wanted to add... I completely agree with you that I don't think the U.S. is doing too bad either (with our bond rates at historic lows after a
partial downgrade...who can), and I do agree Europe is where most of the market turbulence is coming from which I think is a bit over blown as the
markets should have by now factored in the risk of Greek default, and just like the US after Lehman's, if the EU lets Greece default they'll learn
quick the costs of letting the rest default and end up bailing them out somehow.
Anyways, here is the capital purchase program from the IRS site for full disclosure
IRS Capital Purchase Program
edit on 4-10-2011 by Anon404 because: Addressed an additional